The Shapley value assigns, to each game that is adequately represented by its characteristic function, an outcome for each player. An elaboration on the Shapley value that assigns, to characteristic function games, a "partition function" outcome is broadly established and accepted, but...

Purpose – The purpose of this paper is to decompose inequality in Sri Lanka by population subgroups and income sources. Design/methodology/approach – The study is based on the latest Sri Lankan Household Income and Expenditure Survey. The study firstly sketches an inequality profile for Sri...

We propose a new solution concept to address the problem of sharing a surplus among the agents generating it. The problem is formulated in the preferences-endowments space. The solution is defined recursively, incorporating notions of consistency and fairness and relying on properties satisfied...

A community faces the obligation of providing an indivisible public good. Each member is capable of providing it at a certain cost and the solution is to rely on the player who can do it at the lowest cost. It is then natural that he or she be compensated by the other players. The question is to...

This discussion paper resulted in a publication in the 'Economic Theory', 2015, 58, 99-123.<P> In the literature various models of games with restricted cooperation can be found. In those models, instead of allowing for all subsets of the set of players to form, it is assumed that the set of...</p>

This discussion paper resulted in a publication in 'Games and Economic Behavior', 2012, 76, 344-348. <P> Three well-known solutions for cooperative TU-games are the Shapley value, the Banzhaf value and the equal division solution. In the literature various axiomatizations of these solutions can be...</p>

This discussion paper led to a publication in the 'Journal of Economic Theory', 2007, 136, 767-775. A situation in which a finite set of players can generate certain payoffs by cooperation can be described by a cooperative game with transferable utility. A solution for TU-games assigns to every...

This discussion paper resulted in a publication in 'Siberian Advances in Mathematics', 2002, 12, 97-125.<P> A cooperative game with transferable utilities, or simply aTU-game, describes a situation in which players can obtain certainpayoffs by cooperation. A solution mapping for these games is...</p>

We consider cooperative transferable utility games, or simply TU-games, with a limited communication structure in which players can cooperate if and only if they are connected in the communication graph. A difference between the restricted Banzhaf value and the Myerson value (i.e. the Shapley...